Arbitrum Community Launches Snapshot Voting For Short-term Incentive Program

Key Points:

• Snapshot voting has commenced for Arbitrum’s “Short-term Incentive Program” proposal, offering up to 75 million ARB rewards from the DAO treasury to bolster the active Arbitrum protocol.
• The highest-voted option, allocating 25 million ARB, has secured a commanding 65.97% of votes, with the total vote share divided among options proposing 75 million ARB and 50 million ARB, showcasing strong community engagement in shaping Arbitrum’s future.

The Arbitrum community has initiated snapshot voting for their groundbreaking “Short-term Incentive Program” proposal, denoted as AIP, and the voting period will culminate on September 18, 2023. 

This pioneering initiative seeks to allocate rewards amounting to an impressive 75 million ARB from the DAO treasury to bolster the active Arbitrum protocol, catering to the immediate requirements of the community.

Currently, the ongoing voting process has generated notable interest and engagement, with several options vying for support. Notably, the option with the highest allocation of 25 million ARB has garnered substantial backing, amassing a substantial 1.5 million ARB votes, constituting a commanding 65.97% of the total vote share. Following closely behind is the option advocating for the full allocation of 75 million ARB, securing 453,000 ARB votes, making up 20.05% of the votes.

Intriguingly, the third option, which champions an allocation of 50 million ARB, has also garnered significant attention, accumulating 296,000 ARB votes, signifying a respectable 13.11% of the vote share.

This snapshot voting process underscores the active participation and enthusiasm within the Arbitrum community, reflecting their dedication to shaping the future of the protocol. The outcome of this vote will have profound implications for the short-term incentives and resource allocation within the ecosystem, ultimately influencing the trajectory of the Arbitrum network.

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